SBA Rhode Island District Office December Newsletter

Rhode Island District Office  - December 2018

u s small business administration

December is "National Write a Business Plan Month"

SBA Celebrates National Write a Business Plan Month

A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business.

Business plans can help you get funding or bring on new business partners. Investors want to feel confident they’ll see a return on their investment. Your business plan is the tool you’ll use to convince people that working with you — or investing in your company — is a smart choice.

Learn how to write a business plan quickly and efficiently with a template → HERE.

How to prepare your business for winter weather

Emergency preparedness

An estimated 25 percent of businesses don’t open again after a major disaster, according to the Institute for Business and Home Safety. Protect your small business by identifying the risks relevant to your location, both natural and man-made. Then, keep your plan of action updated.

Preserve your equipment and business records by referencing this IRS guide on protecting your information before an emergency strikes. The Federal Emergency Management Agency (FEMA) also offers an emergency preparedness checklist and toolkit.

For more information on how to prepare your business for winter weather, click HERE.

Ready to Grow Your Business? SBA can Help.

For more information on how to get the funding you need to grow your small business, click HERE.

Here's what we've been up to...

District Director, Mark S. Hayward and congressional delegation urge people to Shop Small.

Small Business Saturday

98.9% of businesses in Rhode Island are considered "small" by SBA size standards. Understanding the impact that "Shopping Small" has on communities and local economies, the SBA was out in force promoting and urging for people to get out and "Shop" and "Dine Small" on Small Business Saturday and this entire holiday season.

District Director, Mark S. Hayward and Senator Jack Reed speak to veterans about doing businesses in Rhode Island.

National Veterans Small Business Week

The SBA and its partners held 10 events during National Veterans Small Business Week to help educate and advocate for veteran-owned small businesses in Rhode Island. These events included trainings on numerous different aspects of business, panel discussions and a roundtable with Senator Jack Reed.


Mark S. Hayward gives opening remarks at SCORE's tax seminar.

SCORE 22nd Annual
Tax Seminar

SBA District Director, Mark S. Hayward gave opening remarks as SCORE's 22nd Annual Tax Update Seminar, held at the Marriot in Providence. The annual seminar is attended by over 100 local CPAs and attorneys to ensure they are up to date with any changes made to tax laws.



twitter logo

Follow us on Twitter


Accepting Award Nominations Until December 21, 2018

NSBW 2019

Help the SBA Celebrate Small Business Excellence in Rhode Island!

Make sure the small business you nominate meets the following general requirements:

1. The nominee must be a legal resident of the United States or its Territories who owns and operates or who bears principal responsibility for operating a small business for a minimum of three years may be nominated.  Partners who jointly own and operate a small business may be nominated as a “team”, so long as the number of individuals in the team nomination does not exceed four (4).

2. The nominee must have received one type of SBA assistance such as, but not limited to an SBA loan, SCORE counseling, Small Business Development Center (SBDC) assistance, and Women’s Business Center (WBC) assistance, government contracting assistance, disaster assistance, Emerging Leaders Initiative, Veteran Outreach Business Center, STEP assistance, SBIR assistance or Boots to Business training. (This requirement is excluded from the Financial Services Champion award category)

Choose what category you want to nominate them for:

National Awards

  • Small Business Person of the Year
  • Small Business Exporter of the Year  

Rhode Island District & New England Regional Awards

  • Jeffrey Butland Family Owned Small Business
  • Minority Small Business Owner of the Year
  • Veteran Small Business Owner of the Year
  • Woman Small Business Owner of the Year
  • Home-based Small Business Owner of the Year
  • Microenterprise of the Year
  • Young Entrepreneur of the Year
  • Small Business Manufacturer of the Year
  • Financial Services Champion

To review the guidelines and requirement for each award click HERE.

Upcoming Events...


Make sure to check our calendar for upcoming events and trainings! Visit our website!

the learning center

Learn What Your Legal Obligations Are as a Small Business Owner

As a small business owner, do you know what your federal, state and local legal obligations are? This course will give you an overview of the legal requirements of small business owners.